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Enersys Set to Possibly Rebound After Yesterday's Selloff of 3.22%

By James Quinn

Enersys (NYSE:ENS) traded in a range yesterday that spanned from a low of $62.77 to a high of $64.61. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $63.26 on volume of 319,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Enersys on May 31st, 2017 by issuing a Downtrend alert when the shares were trading at $77.59. Since that call, shares of Enersys have fallen 16.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Enersys share prices have moved between a 52-week high of $84.74 and a 52-week low of $55.73 and are now trading 13% above that low price at $63.17 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

Keywords: rebounders enersys

Ticker(s): ENS